BELLEVUE, Wash., Feb. 9, 2004 (PRIMEZONE) -- N.R.G. Entertainment, Inc. (Other OTC:NRET), announced today that it has released the President's report on the MacReport. The report describes the Company's core business, Indieland Music Services Ltd. The report can be heard at www.macreport.net.
ABOUT THE COMPANY:
The N.R.G. Entertainment corporate mandate is to find and develop new talent for the major record labels. N.R.G. is now well positioned to be the leading global supplier of new talent by providing independent artists with much needed integrated support and services through the Company's four basic business divisions; Indieland Music Services Ltd (artist acquisitions, distribution and licensing), FATBOY Records Corp (record label division), Zanzara Music Publishing (publishing), and NRG Multimedia Group (Internet division). The Company believes that its unique market focus will enable it to experience exceptional revenue and earnings growth over the intermediate and long-term.
For more information about the Company, please visit the Company's web site at www.nrg-entertainment.com.
Forward-looking statements in this release are based on current expectations, which may differ materially from actual results. Forward-looking statements include, without limitation, those regarding management's plans, objectives and strategy for future operations, production plans and performance, management's assessment of market factors, and future financial performance and fall within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Among factors that could cause actual results to differ materially are changes in business conditions, changes in the Industry and the general economy, competition, changes in service offerings, risks associated with N.R.G. Entertainment, Inc.'s limited operating history, entry into developing markets and new product lines, and managing rapid growth, and risks associated with international operations, dependence on effective information systems and the development of the Company's current and anticipated products.